Which among the following items is shown as the Major Head in the balance sheet of a company?

As per Schedule III of the Companies Act, 2013, a company's balance sheet is organized in a hierarchical structure with Major Heads (broad classifications) under which specific line items are shown.

The two main divisions are:

• Assets side: Contains major heads like Non-Current Assets and Current Assets
• Equity and Liabilities side: Contains major heads like Shareholders' Funds, Non-Current Liabilities, and Current Liabilities

Analyzing each option:

Deferred tax assets → This is a specific line item shown under the major head "Non-Current Assets"

Current Assets → This is a major head under which various items like inventories, trade receivables, cash and cash equivalents, bank balances, loans and advances, and other current assets are grouped

Trade payables → This is a specific line item shown under the major head "Current Liabilities"

Long term provisions → This is a specific line item shown under the major head "Non-Current Liabilities"

Therefore, Current Assets is the only major head among the given options. The other three are sub-items (line items) that appear under their respective major heads.